Asante Solutions Inc (NASDAQ:PUMP) – Stock analysts at SunTrust Banks issued their FY2017 earnings per share estimates for Asante Solutions in a research note issued on Wednesday. SunTrust Banks analyst K. Sill expects that the company will post earnings of $0.29 per share for the year. SunTrust Banks currently has a “Buy” rating and a $27.00 target price on the stock. SunTrust Banks also issued estimates for Asante Solutions’ Q4 2017 earnings at $0.42 EPS, Q1 2018 earnings at $0.37 EPS, Q2 2018 earnings at $0.42 EPS, Q3 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.52 EPS, FY2018 earnings at $1.79 EPS, Q1 2019 earnings at $0.54 EPS, Q2 2019 earnings at $0.60 EPS, Q3 2019 earnings at $0.66 EPS and FY2019 earnings at $2.50 EPS.
Asante Solutions (NASDAQ:PUMP) last issued its earnings results on Wednesday, November 1st. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.05. The company had revenue of $282.70 million during the quarter, compared to analysts’ expectations of $261.69 million. The business’s quarterly revenue was up 32.4% on a year-over-year basis.
In related news, major shareholder Energy Capital Partners Ii, Ll sold 13,800,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $15.07, for a total transaction of $207,966,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
A number of institutional investors have recently made changes to their positions in PUMP. Strs Ohio acquired a new stake in Asante Solutions in the 2nd quarter valued at about $103,000. Bank of New York Mellon Corp acquired a new stake in Asante Solutions in the 2nd quarter valued at about $1,383,000. Sentry Investments Corp. acquired a new stake in Asante Solutions in the 2nd quarter valued at about $1,866,000. Mitchell Group Inc. raised its position in Asante Solutions by 1.9% in the 2nd quarter. Mitchell Group Inc. now owns 708,140 shares of the company’s stock valued at $9,886,000 after purchasing an additional 13,260 shares in the last quarter. Finally, Teachers Advisors LLC acquired a new stake in Asante Solutions in the 2nd quarter valued at about $637,000.
About Asante Solutions
Asante Solutions, Inc is a medical device company. The Company is a manufacturer of Asante Snap Insulin Pump System (Snap system), which is a pump featuring a modular design with pre-filled insulin cartridges and disposable pump bodies, utilized in combination with a controller. The Snap system comprises four components: the Snap system controller, a disposable pump body, disposable pre-filled insulin cartridges and disposable infusion sets.
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